Not really any masterpieces but as is typical with the late eighties stuff there is just a ton of really fun movies and many more that never made the cut (boo hoo, Mary Lou!). Here's my list:

House II: The Second Story (a PG-rated horror flick that still features great effects. Love the charm and character this one has, such a fun little movie. <3 Gramps)
Evil Dead II
Prince of Darkness (bring the Blu to me now!!!!!)
Hellraiser
A Nightmare on Elm Street 3